hello my situation is the same, i stupidly got a car last year in my name for the boyfriend who paid the monthly instalments. We have recently split and he has left me with the debt. I owe £12,200 and the car is now valued at £9500, leaving me with nearly £3000 negative equity. A garage have offered to pay the full amount to blackhorse and set me up with a new agreement, still with blackhorse so they also get to keep my business too, and then add the extra they paid onto the new agreement. I was advised on at least several occassions that this is possible. The proposal was sent by the garage but declined? I have never missed or been late for payment and blackhorse have said the only way to get rid of my car is for them to auction it and bill me if the remaining sum? Surely this is the same thing but their way of making more money!! Does anybody have any advice??

I need some advise! I took my agreement out with blackhorse last sept and stupidly put the car in my name for the b/f who paid the monthly instalments. We have recently split and he has left me with the debt. I was advised by blackhorse that i could take out a new agreement and carry over the negative equity on the new agreement. This proposal was made and declined. They will not put the negative equity into a personal loan for me to continue paying but have said they will take the car back, auction it and bill me for the sum outstanding? Sounds pretty much the same to me but their way of making more money! Can anybody tell me if i have the right to privately sell the car, give the buyer a receipt and arrange to pay back so much per month?